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Friend.tech V2 Launched With FRIEND Token Airdrop

Key Points:

Friend.tech V2 was unveiled with the airdrop of FRIEND tokens and the Money Club feature.
Some users faced challenges claiming tokens, causing frustration despite the platform’s efforts.
Positioned on Ethereum’s Base network, Friend.tech seeks to rejuvenate engagement after a previous decline.

Decentralized social media platform Friend.tech made waves once again with the launch of its Version 2 and the highly anticipated airdrop of its FRIEND token on May 4.

Friend.tech V2 Launched With FRIEND Token Airdrop

The platform, which initially captured attention last August, unveiled a host of new features in its latest iteration, including the innovative Money Club.

The Money Club feature introduces a novel concept, allowing communities to manage shared treasuries and create tradable on-chain collectibles, such as NFTs and meme coins. Additionally, Friend.tech rolled out a new point system integral to the airdrop process and custom curves, enabling users to tailor their engagement metrics.

However, the road to the Friend.tech V2 launch and airdrop was not without its challenges. Originally slated for late April, the airdrop was postponed to May 3, causing some initial disappointment. Furthermore, despite efforts to distribute FRIEND tokens to early users, issues arose as some individuals encountered difficulties claiming their tokens, sparking frustration among users.

Friend.tech Aims to Reignite Engagement on Ethereum’s Base Network

Friend.tech, operating on Ethereum’s layer-2 scaling network Base, allows users to trade “keys” linked to their Twitter accounts, setting itself apart in the competitive landscape of decentralized social media platforms. Despite early hype and accolades, the platform faced a decline in user activity towards the end of last year.

With the launch of Friend.tech V2 and the FRIEND token airdrop, Friend.tech aims to reignite excitement and engagement within its community, signaling a fresh chapter in its journey as a decentralized social media powerhouse.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.